Home » NEWS » Banking & Finance

Banking & Finance

US stock indexes mixed; bond yields and dollar climb again

U.S. stock indexes were mixed in a listless morning of trading Wednesday, while bond yields and the dollar moved higher again. KEEPING SCORE: The Standard & Poor’s 500 index was up 2 points, or 0.1 percent, to 2,270 as of 10:35 a.m. Eastern time. The Dow Jones industrial average was down 3 points, or less than 0.1 percent, to 19,824. ...

Read More »

Renasant to buy Metropolitan Bank for $190M, boost assets more than $10B

Renasant Corporation (the “Company”) (NASDAQ:  RNST), the parent company of Renasant Bank (“Renasant”), and Metropolitan BancGroup, Inc., the parent company of Metropolitan Bank (“Metropolitan”), jointly announced today the signing of a definitive merger agreement pursuant to which Metropolitan will merge with and into Renasant in an all-stock transaction currently valued at approximately $190.2 million. The proposed merger has been approved unanimously by ...

Read More »

World Bank forecasting brighter prospects for 2017

The World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis. The 189-nation lending agency said Tuesday that the global growth should expand at a 2.7 percent annual rate this year. That is down from the bank’s June forecast for 2.8 percent growth this year, ...

Read More »

US stock indexes shift mostly higher in afternoon trading

Health care companies led the major U.S. stock indexes mostly higher in afternoon trading Tuesday, as the market gave up some of its gains from earlier in the day. Consumer goods and financial stocks also rose, while real estate companies were the biggest laggard. Crude oil prices headed lower. KEEPING SCORE: The Dow Jones industrial average slipped 27 points, or ...

Read More »

US stocks modestly lower in early trading; oil prices slide

U.S. stock indexes edged mostly lower in early trading Monday, led by declines in energy companies. Oil and gas companies fell the most as the price of crude oil headed lower. Materials stocks notched the biggest gain. Investors had their eye on the latest company earnings and deal news. KEEPING SCORE: The Dow Jones industrial average fell 52 points, or ...

Read More »

US indexes drift in early trade; department stores nosedive

Department stores dominated the news Thursday morning as Macy’s and Kohl’s both plunged following weak holiday-season reports that led the chains to cut their profit forecasts. Macy’s also said it will eliminate 10,000 jobs as it continues to close stores. Sears jumped after it said it will close 150 stores and sell its Craftsman tool brand. Overall, stocks were only ...

Read More »

COMMERCIAL FINANCE 701 — The outlook in Mississippi for 2017

Michael Lewis’ new book – The Undoing Project – should be the starting point for any projections about commercial finance in Mississippi during 2017.  The book underscores our defective reasoning process that routinely (1) underestimates uncertainty, (2) places too much weight on limited observations, and (3) ignores biases.  With those caveats in mind, we guesstimate the outlook for commercial finance ...

Read More »

Hattiesburg’s The First Bancshares announces the acquisition of Iberville Bank and Gulf Coast Community Bank

The First Bancshares, Inc. (NASDAQ: FBMS), holding company for The First, A National Banking Association, (www.thefirstbank.com), based in Hattiesburg, has announced that it has acquired Gulf Coast Community Bank, based in Pensacola, FL and Iberville Bank, based in Plaquemine, LA. » READ THE COMPLETE STORY at Hattiesburg Business Today

Read More »

US stocks rise as auto makers and retailers trade higher

U.S. stocks are rising Wednesday morning as December auto sales start to roll in. General Motors and Ford are trading higher. That’s helping consumer-focused companies. The market is building on its gains from the day before. KEEPING SCORE: The Dow Jones industrial average added 30 points, or 0.2 percent, to 19,911 as of 10 a.m. Eastern time. The Standard & ...

Read More »

US stocks ring in 2017 with gains as energy companies rise

U.S. stock indexes are jumping on the first trading day of 2017. Energy companies are climbing with the price of oil, while banks are advancing thanks to a bump in interest rates. Those two sectors had the biggest gains in the market last year. KEEPING SCORE: The Dow Jones industrial average leaped 120 points, or 0.6 percent, to 19,882 as ...

Read More »